continued significant improvement in turnover

DGAP-News: ecotel communication ag / Keyword (s): Half-year report
05.08.2021 / 08:00
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ecotel presents its half-year figures: continued significant improvement in turnover

Düsseldorf, August 5, 2021

The first half of 2021 was very successful for the Ecotel group. Sustainable and profitable growth continues in the »Ecotel Business Solutions« and »Easybell« segments. With gross profit of € 21.8 million (+ 25%), the Group reached EBITDA for a total of 8.0 million euros (previous year: 4.9 million euros). This corresponds to an increase of 62% compared to the first half of the previous year. On the basis of these developments and the maintenance of a good overall business outlook for the 2021 financial year, the Management Board has adjusted the EBITDA forecast upwards to 15 – 16 million euros.

Consolidated profit: € 1.8 million / € 0.52 per share

In addition to the “easybell” segment, already present for several years in the profitable area, the »Ecotel Business Solutions« contributed more and more positively to the consolidated result over the last three quarters, confirming the recovery. This means that ecotel has been able to achieve substantial increases in consolidated profit and also earnings per share. In the first half of 2021, the Group published 1.8 million euros or 0.52 € per share, which is higher than that of the whole of 2020 (1.0 million euros, 0, € 28 per share).

Financial and balance sheet figures: Substantial increase in free cash flow and net financial assets

Growth and continued increase in profitability also boosted free movement of capital to 4.9 million euros (previous year: 3.8 million euros). In addition, loans totaling 1.2 million euros (previous year: 0.9 million euros) were reduced as planned during the first half of the year. In total, net financial assets from 2.3 million euros at the start of the year rose to 5.2 million euros as of June 30, 2021.

Segment development

Ecotel Business Solutions segment: Growth in turnover, gross margin and EBITDA

For several quarters, the »Ecotel Business Solutions« has been positively affected by the results of the transformation process carried out in recent years and by the increase in profitability that has accompanied it. It has been possible to migrate the old customer base to modern products with new contractual conditions, and data transactions have experienced a strong development in recent years. The scalable production platform laid the foundation for future growth. The emphasis is on acquiring new customers, offering both products and solutions.

In the first half of 2021, the segment recorded increases of 5% in income to 24.0 million euros (previous year: 22.8 million euros) and 19% in gross profit to 13.7 million euros (previous year: 11.5 million euros). the Gross margin in this segment therefore increased to 57.0% (previous year: 50.6%).

After deduction of operating expenses, mainly personnel and other operating expenses, the segment reached EBITDA of 3.7 million euros (previous year: 2.0 million euros). This corresponds to an increase of 83% compared to the first half of the previous year.
Easybell segment: Continued significant growth and continued increase in profitability

the »Easybell« segment continued to grow at the same rate, in income from 19% to 12.3 million euros and from 39% gross margin to 6.9 million euros. This continuous development, due to the strong evolution of the economic model and the growth of the clientele, has led to EBITDA 51% growth to € 3.8 million (previous year: € 2.5 million).

Nacamar and ecotel Wholesale segments: Planned developments

the »Nacamar« and »ecotel Wholesale« segments developed as planned. the »Nacamar« segment achieved total revenue of 1.2 million euros (previous year: 1.1 million euros) and EBITDA of 0.3 million euros (previous year: 0.3 million euros). euros) in the first half of 2021. Together, these two segments contribute 0.5 million euros to EBITDA.

Upward adjustment of the forecast:

Due to the positive evolution of the first half and the good prospects for the development of the activity, ecotel is adjusting its forecasts upwards for the year 2021:

For the »Ecotel Business Solutions« segment, the forecast foresees a turnover in a corridor of 47 to 50 million euros, with a slight continuous increase in the gross margin and therefore in the gross margin. the »Easybell« segment forecasts a turnover of between 24 and 26 million euros, and the »Nacamar« segment 2.0 to 2.5 million euros.

EBITDA should be in a corridor of 15 to 16 million euros. For the »Ecotel Business Solutions« segment, the Management Board expects EBITDA in a corridor of 6.5 to 7.5 million euros, for »Easybell« segment in a corridor of 6.5 to 7.5 million euros, and for the »Nacamar« between 0.5 and 1.0 million euros. In the report for the first quarter of 2021, the Management Board assumed an EBITDA at the upper end of the corridor of 12 to 14 million euros for the fiscal year 2021.

When preparing the initial forecasts for 2021, the Management Board took into account the uncertain circumstances that could result from the Covid-19 pandemic. So far, these circumstances have not occurred to the extent expected. The new factors of uncertainty in the planning due to the flood situation experienced by some of our clients have been taken into account in the current forecast.

About ecotel communication ag:
The ecotel group (hereafter “ecotel”), present throughout Germany since 1998, specializes in the marketing of IT and telecommunications solutions in various segments. The parent company is ecotel communication ag headquartered in Düsseldorf. Including its subsidiaries and holdings, ecotel has a total of around 300 employees. Ecotel currently serves over 50,000 customers nationwide, providing 50,000 data connections and over 360,000 voice channels.

To note:
This publication is not an offer to sell or an invitation to purchase or subscribe for securities. This publication is not a securities brochure. This publication and the information it contains are not intended for direct or indirect distribution in the United States of America, Canada, Australia or Japan.

Investor Relations
ecotel communication ag
Investor Relations
+49 (0) 211-55 007 740
Email: [email protected]

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05.08.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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